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Last Updated on: 13 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500033 | NSE: FORCEMOT

Force Motors Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 12, 2025, 11:15 pm

Market Cap 9,470 Cr.
Current Price 7,167
High / Low 10,278/5,815
Stock P/E18.7
Book Value 1,883
Dividend Yield0.28 %
ROCE23.8 %
ROE18.8 %
Face Value 10.0
PEG Ratio0.08

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Force Motors Ltd

Competitors of Force Motors Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Force Motors Ltd 9,470 Cr. 7,167 10,278/5,81518.7 1,8830.28 %23.8 %18.8 % 10.0
SML ISUZU Ltd 1,620 Cr. 1,120 2,406/1,02813.4 2281.44 %23.6 %46.1 % 10.0
Olectra Greentech Ltd 8,574 Cr. 1,045 2,012/1,00865.2 1200.04 %14.8 %8.77 % 4.00
Tata Motors Ltd 2,41,449 Cr. 656 1,179/6067.58 2750.45 %20.1 %49.4 % 2.00
Ashok Leyland Ltd 57,703 Cr. 196 265/15820.6 35.12.45 %15.0 %28.4 % 1.00
Industry Average63,763.20 Cr2,036.8025.10508.220.93%19.46%30.29%5.40

All Competitor Stocks of Force Motors Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 7788819711,2641,3041,4901,4881,8021,6922,0111,8851,9411,889
Expenses 7928859301,1661,2501,3721,3101,5811,4771,7331,6401,6641,658
Operating Profit -14-3419854118177221215279245277232
OPM % -2%-0%4%8%4%8%12%12%13%14%13%14%12%
Other Income 138712524611941815920
Interest 12131420171818161414954
Depreciation 50555761606363676868696971
Profit before tax -64-63-2330-18284107147137214182211177
Tax % -33%-32%-29%36%-14%48%36%36%37%35%36%36%35%
Net Profit -43-43-1719-16147699485140116135115
EPS in Rs -32.51-32.46-12.6114.61-11.83111.2552.0671.2464.81106.4587.81102.4787.51

Last Updated: March 4, 2025, 12:18 pm

Below is a detailed analysis of the quarterly data for Force Motors Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹1,889.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,941.00 Cr. (Sep 2024) to ₹1,889.00 Cr., marking a decrease of 52.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹1,658.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,664.00 Cr. (Sep 2024) to ₹1,658.00 Cr., marking a decrease of 6.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹232.00 Cr.. The value appears to be declining and may need further review. It has decreased from 277.00 Cr. (Sep 2024) to ₹232.00 Cr., marking a decrease of 45.00 Cr..
  • For OPM %, as of Dec 2024, the value is 12.00%. The value appears to be declining and may need further review. It has decreased from 14.00% (Sep 2024) to 12.00%, marking a decrease of 2.00%.
  • For Other Income, as of Dec 2024, the value is ₹20.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Sep 2024) to ₹20.00 Cr., marking an increase of ₹11.00 Cr..
  • For Interest, as of Dec 2024, the value is ₹4.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5.00 Cr. (Sep 2024) to ₹4.00 Cr., marking a decrease of 1.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹71.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 69.00 Cr. (Sep 2024) to ₹71.00 Cr., marking an increase of ₹2.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹177.00 Cr.. The value appears to be declining and may need further review. It has decreased from 211.00 Cr. (Sep 2024) to ₹177.00 Cr., marking a decrease of 34.00 Cr..
  • For Tax %, as of Dec 2024, the value is 35.00%. The value appears to be improving (decreasing) as expected. It has decreased from 36.00% (Sep 2024) to 35.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Dec 2024, the value is ₹115.00 Cr.. The value appears to be declining and may need further review. It has decreased from 135.00 Cr. (Sep 2024) to ₹115.00 Cr., marking a decrease of 20.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 87.51. The value appears to be declining and may need further review. It has decreased from ₹102.47 (Sep 2024) to 87.51, marking a decrease of ₹14.96.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 1:07 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 1,9732,0222,3643,0253,0693,4233,6523,0811,9883,2405,0296,9927,727
Expenses 1,9191,9252,2172,7512,8013,1553,3782,8201,9643,1904,7166,0966,694
Operating Profit 549714727426826827526124503138971,032
OPM % 3%5%6%9%9%8%8%8%1%2%6%13%13%
Other Income 4460667186698232522683762
Interest 89756715282841686233
Depreciation 70858192113129151195174191241267276
Profit before tax 196312524923520119042-176-130272605785
Tax % 25%-24%19%28%23%27%25%-20%-30%-30%51%36%
Net Profit 147810217918014714350-124-91134388506
EPS in Rs 10.9459.0877.06135.77136.68111.66108.7838.08-93.83-69.12101.42294.54384.24
Dividend Payout % 27%5%6%7%7%9%9%26%-5%-14%10%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)457.14%30.77%75.49%0.56%-18.33%-2.72%-65.03%-348.00%26.61%247.25%189.55%
Change in YoY Net Profit Growth (%)0.00%-426.37%44.72%-74.93%-18.89%15.61%-62.31%-282.97%374.61%220.64%-57.70%

Force Motors Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:14%
3 Years:52%
TTM:19%
Compounded Profit Growth
10 Years:18%
5 Years:22%
3 Years:80%
TTM:77%
Stock Price CAGR
10 Years:18%
5 Years:52%
3 Years:92%
1 Year:24%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:6%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 3:35 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 13131313131313131313131313
Reserves 1,1411,2151,3061,4761,6541,7881,9201,9521,8251,7351,8622,2422,468
Borrowings 4220111419902863106421,069955524229
Other Liabilities 5145276458017387226178237578441,1841,6351,511
Total Liabilities 1,7111,7751,9752,3052,6042,5232,8363,0983,2383,6614,0134,4154,222
Fixed Assets 6226436387869119481,2161,4001,2242,0332,0942,0312,146
CWIP 18920624020522036937244572530215417159
Investments 000149102378100111979190
Other Assets 9009251,0971,3001,4631,1961,2251,1751,1891,2151,6682,1211,927
Total Assets 1,7111,7751,9752,3052,6042,5232,8363,0983,2383,6614,0134,4154,222

Below is a detailed analysis of the balance sheet data for Force Motors Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, the value is ₹13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹13.00 Cr..
  • For Reserves, as of Sep 2024, the value is ₹2,468.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,242.00 Cr. (Mar 2024) to ₹2,468.00 Cr., marking an increase of 226.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹229.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹524.00 Cr. (Mar 2024) to ₹229.00 Cr., marking a decrease of 295.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹1,511.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹1,635.00 Cr. (Mar 2024) to ₹1,511.00 Cr., marking a decrease of 124.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹4,222.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹4,415.00 Cr. (Mar 2024) to ₹4,222.00 Cr., marking a decrease of 193.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹2,146.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,031.00 Cr. (Mar 2024) to ₹2,146.00 Cr., marking an increase of 115.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹59.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹171.00 Cr. (Mar 2024) to ₹59.00 Cr., marking a decrease of 112.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹90.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹91.00 Cr. (Mar 2024) to ₹90.00 Cr., marking a decrease of 1.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹1,927.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹2,121.00 Cr. (Mar 2024) to ₹1,927.00 Cr., marking a decrease of 194.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹4,222.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹4,415.00 Cr. (Mar 2024) to ₹4,222.00 Cr., marking a decrease of 193.00 Cr..

Notably, the Reserves (₹2,468.00 Cr.) exceed the Borrowings (229.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +861162262564712563144097185321,014
Cash from Investing Activity +-304-100-96-210-621-81-606-327-333-356-256-198
Cash from Financing Activity +-16-30-45-37180-223256-20293375-207-509
Net Cash Flow-234-1485930-47-3562-323768308

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow12.0077.00136.00260.0069.00268.00-11.00-49.00-618.0049.00-642.00373.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days20241718142617202321145
Inventory Days9997879273686691136897783
Days Payable6577877080815295108726961
Cash Conversion Cycle54441740613311552382227
Working Capital Days25241523534348112216205
ROCE %6%10%18%14%11%10%5%-5%-3%5%24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters61.63%61.63%61.63%61.63%61.63%61.63%61.63%61.63%61.63%61.63%61.63%61.63%
FIIs2.39%2.46%2.60%2.49%2.55%2.71%2.72%4.11%4.94%4.91%6.34%7.78%
DIIs2.67%2.54%3.31%2.90%2.20%2.19%2.32%1.48%1.59%1.20%0.86%1.02%
Public33.31%33.37%32.46%32.98%33.62%33.47%33.33%32.77%31.86%32.27%31.16%29.57%
No. of Shareholders61,50361,57061,03660,30158,47554,91253,95850,22148,08647,55647,74251,909

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Sundaram ELSS Tax Saver Fund39,0002.5834.9739,0002025-03-120%
Sundaram Equity Savings Fund (Growth Accum)12,5001.3311.2139,0002025-03-12-67.95%
Sundaram Equity Savings Fund (Qtr Div)12,5001.3311.2139,0002025-03-12-67.95%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 294.54101.43-69.13-93.8338.08
Diluted EPS (Rs.) 294.54101.43-69.13-93.8338.08
Cash EPS (Rs.) 507.43298.2488.4847.10191.96
Book Value[Excl.RevalReserv]/Share (Rs.) 1712.711424.221327.661395.851492.53
Book Value[Incl.RevalReserv]/Share (Rs.) 1712.711424.221327.661395.851492.53
Revenue From Operations / Share (Rs.) 5305.113815.612458.591508.492337.27
PBDIT / Share (Rs.) 719.11297.3090.3028.82236.46
PBIT / Share (Rs.) 516.72114.64-54.58-102.9488.87
PBT / Share (Rs.) 469.57220.80-85.71-124.3638.10
Net Profit / Share (Rs.) 305.04115.58-56.39-84.6744.37
NP After MI And SOA / Share (Rs.) 294.45101.40-69.10-93.8038.06
PBDIT Margin (%) 13.557.793.671.9110.11
PBIT Margin (%) 9.743.00-2.21-6.823.80
PBT Margin (%) 8.855.78-3.48-8.241.63
Net Profit Margin (%) 5.743.02-2.29-5.611.89
NP After MI And SOA Margin (%) 5.552.65-2.81-6.211.62
Return on Networth / Equity (%) 17.207.12-5.21-6.722.55
Return on Capital Employeed (%) 24.506.03-3.02-5.735.35
Return On Assets (%) 8.793.32-2.48-3.811.61
Long Term Debt / Equity (X) 0.160.310.340.260.09
Total Debt / Equity (X) 0.230.500.610.280.11
Asset Turnover Ratio (%) 1.661.300.930.621.04
Current Ratio (X) 1.251.040.801.011.13
Quick Ratio (X) 0.530.480.300.370.52
Inventory Turnover Ratio (X) 5.265.374.322.744.06
Dividend Payout Ratio (NP) (%) 3.399.86-7.23-10.6626.27
Dividend Payout Ratio (CP) (%) 2.013.526.5926.335.38
Earning Retention Ratio (%) 96.6190.14107.23110.6673.73
Cash Earning Retention Ratio (%) 97.9996.4893.4173.6794.62
Interest Coverage Ratio (X) 15.255.732.901.3511.19
Interest Coverage Ratio (Post Tax) (X) 7.470.18-0.81-2.954.50
Enterprise Value (Cr.) 9625.282352.962346.332030.171137.32
EV / Net Operating Revenue (X) 1.380.460.721.020.36
EV / EBITDA (X) 10.166.0019.7253.443.65
MarketCap / Net Operating Revenue (X) 1.370.300.410.770.31
Retention Ratios (%) 96.6090.13107.23110.6673.72
Price / BV (X) 4.230.810.770.830.49
Price / Net Operating Revenue (X) 1.370.300.410.770.31
EarningsYield 0.040.08-0.06-0.080.05

After reviewing the key financial ratios for Force Motors Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 294.54. This value is within the healthy range. It has increased from 101.43 (Mar 23) to 294.54, marking an increase of 193.11.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 294.54. This value is within the healthy range. It has increased from 101.43 (Mar 23) to 294.54, marking an increase of 193.11.
  • For Cash EPS (Rs.), as of Mar 24, the value is 507.43. This value is within the healthy range. It has increased from 298.24 (Mar 23) to 507.43, marking an increase of 209.19.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 1,712.71. It has increased from 1,424.22 (Mar 23) to 1,712.71, marking an increase of 288.49.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 1,712.71. It has increased from 1,424.22 (Mar 23) to 1,712.71, marking an increase of 288.49.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 5,305.11. It has increased from 3,815.61 (Mar 23) to 5,305.11, marking an increase of 1,489.50.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 719.11. This value is within the healthy range. It has increased from 297.30 (Mar 23) to 719.11, marking an increase of 421.81.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 516.72. This value is within the healthy range. It has increased from 114.64 (Mar 23) to 516.72, marking an increase of 402.08.
  • For PBT / Share (Rs.), as of Mar 24, the value is 469.57. This value is within the healthy range. It has increased from 220.80 (Mar 23) to 469.57, marking an increase of 248.77.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 305.04. This value is within the healthy range. It has increased from 115.58 (Mar 23) to 305.04, marking an increase of 189.46.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 294.45. This value is within the healthy range. It has increased from 101.40 (Mar 23) to 294.45, marking an increase of 193.05.
  • For PBDIT Margin (%), as of Mar 24, the value is 13.55. This value is within the healthy range. It has increased from 7.79 (Mar 23) to 13.55, marking an increase of 5.76.
  • For PBIT Margin (%), as of Mar 24, the value is 9.74. This value is below the healthy minimum of 10. It has increased from 3.00 (Mar 23) to 9.74, marking an increase of 6.74.
  • For PBT Margin (%), as of Mar 24, the value is 8.85. This value is below the healthy minimum of 10. It has increased from 5.78 (Mar 23) to 8.85, marking an increase of 3.07.
  • For Net Profit Margin (%), as of Mar 24, the value is 5.74. This value is within the healthy range. It has increased from 3.02 (Mar 23) to 5.74, marking an increase of 2.72.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 5.55. This value is below the healthy minimum of 8. It has increased from 2.65 (Mar 23) to 5.55, marking an increase of 2.90.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 17.20. This value is within the healthy range. It has increased from 7.12 (Mar 23) to 17.20, marking an increase of 10.08.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 24.50. This value is within the healthy range. It has increased from 6.03 (Mar 23) to 24.50, marking an increase of 18.47.
  • For Return On Assets (%), as of Mar 24, the value is 8.79. This value is within the healthy range. It has increased from 3.32 (Mar 23) to 8.79, marking an increase of 5.47.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.16. This value is below the healthy minimum of 0.2. It has decreased from 0.31 (Mar 23) to 0.16, marking a decrease of 0.15.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.23. This value is within the healthy range. It has decreased from 0.50 (Mar 23) to 0.23, marking a decrease of 0.27.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 1.66. It has increased from 1.30 (Mar 23) to 1.66, marking an increase of 0.36.
  • For Current Ratio (X), as of Mar 24, the value is 1.25. This value is below the healthy minimum of 1.5. It has increased from 1.04 (Mar 23) to 1.25, marking an increase of 0.21.
  • For Quick Ratio (X), as of Mar 24, the value is 0.53. This value is below the healthy minimum of 1. It has increased from 0.48 (Mar 23) to 0.53, marking an increase of 0.05.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 5.26. This value is within the healthy range. It has decreased from 5.37 (Mar 23) to 5.26, marking a decrease of 0.11.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 3.39. This value is below the healthy minimum of 20. It has decreased from 9.86 (Mar 23) to 3.39, marking a decrease of 6.47.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 2.01. This value is below the healthy minimum of 20. It has decreased from 3.52 (Mar 23) to 2.01, marking a decrease of 1.51.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 96.61. This value exceeds the healthy maximum of 70. It has increased from 90.14 (Mar 23) to 96.61, marking an increase of 6.47.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 97.99. This value exceeds the healthy maximum of 70. It has increased from 96.48 (Mar 23) to 97.99, marking an increase of 1.51.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 15.25. This value is within the healthy range. It has increased from 5.73 (Mar 23) to 15.25, marking an increase of 9.52.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 7.47. This value is within the healthy range. It has increased from 0.18 (Mar 23) to 7.47, marking an increase of 7.29.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 9,625.28. It has increased from 2,352.96 (Mar 23) to 9,625.28, marking an increase of 7,272.32.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.38. This value is within the healthy range. It has increased from 0.46 (Mar 23) to 1.38, marking an increase of 0.92.
  • For EV / EBITDA (X), as of Mar 24, the value is 10.16. This value is within the healthy range. It has increased from 6.00 (Mar 23) to 10.16, marking an increase of 4.16.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.37. This value is within the healthy range. It has increased from 0.30 (Mar 23) to 1.37, marking an increase of 1.07.
  • For Retention Ratios (%), as of Mar 24, the value is 96.60. This value exceeds the healthy maximum of 70. It has increased from 90.13 (Mar 23) to 96.60, marking an increase of 6.47.
  • For Price / BV (X), as of Mar 24, the value is 4.23. This value exceeds the healthy maximum of 3. It has increased from 0.81 (Mar 23) to 4.23, marking an increase of 3.42.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.37. This value is within the healthy range. It has increased from 0.30 (Mar 23) to 1.37, marking an increase of 1.07.
  • For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.08 (Mar 23) to 0.04, marking a decrease of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Force Motors Ltd as of March 13, 2025 is: ₹5,310.73

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 13, 2025, Force Motors Ltd is Overvalued by 25.90% compared to the current share price 7,167.00

Intrinsic Value of Force Motors Ltd as of March 13, 2025 is: 18,248.79

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 13, 2025, Force Motors Ltd is Undervalued by 154.62% compared to the current share price 7,167.00

Last 5 Year EPS CAGR: 243.62%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 25.42, which is a positive sign.
  2. The company has higher reserves (1,737.23 cr) compared to borrowings (330.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.23 cr) and profit (190.77 cr) over the years.
  1. The stock has a low average ROCE of 7.92%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 29.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Force Motors Ltd:
    1. Net Profit Margin: 5.74%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 24.5% (Industry Average ROCE: 19.46%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 17.2% (Industry Average ROE: 30.29%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 7.47
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.53
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 18.7 (Industry average Stock P/E: 25.1)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.23
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Force Motors Ltd. is a Public Limited Listed company incorporated on 08/09/1958 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L34102PN1958PLC011172 and registration number is 011172. Currently Company is involved in the business activities of Manufacture of commercial vehicles such as vans, lorries, over-the-road tractors for semi-trailers etc.. Company's Total Operating Revenue is Rs. 6991.65 Cr. and Equity Capital is Rs. 13.18 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
Auto - LCVs/HCVsMumbai-Pune Road, Akurdi, Pune Maharashtra 411035compliance-officer@forcemotors.com
http://www.forcemotors.com
Management
NamePosition Held
Mr. Abhaykumar FirodiaChairman
Mr. Prasan FirodiaManaging Director
Mr. Prashant V InamdarExecutive Director - Operations
Ms. Sonia PrasharDirector
Lt. Gen. (Retd.) D B ShekatkarDirector
Mr. Vallabh Roopchand BhanshaliDirector
Mr. Mukesh Mangalbhai PatelDirector
Mr. Arvind MahajanDirector

FAQ

What is the latest intrinsic value of Force Motors Ltd?

The latest intrinsic value of Force Motors Ltd as on 13 March 2025 is 5310.73, which is 25.90% lower than the current market price of ₹7,167.00, indicating the stock is overvalued by 25.90%. The intrinsic value of Force Motors Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹9,470 Cr. and recorded a high/low of ₹10,278/5,815 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,468 Cr and total liabilities of ₹4,222 Cr.

What is the Market Cap of Force Motors Ltd?

The Market Cap of Force Motors Ltd is 9,470 Cr..

What is the current Stock Price of Force Motors Ltd as on 13 March 2025?

The current stock price of Force Motors Ltd as on 13 March 2025 is ₹7,167.

What is the High / Low of Force Motors Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Force Motors Ltd stocks is ₹10,278/5,815.

What is the Stock P/E of Force Motors Ltd?

The Stock P/E of Force Motors Ltd is 18.7.

What is the Book Value of Force Motors Ltd?

The Book Value of Force Motors Ltd is 1,883.

What is the Dividend Yield of Force Motors Ltd?

The Dividend Yield of Force Motors Ltd is 0.28 %.

What is the ROCE of Force Motors Ltd?

The ROCE of Force Motors Ltd is 23.8 %.

What is the ROE of Force Motors Ltd?

The ROE of Force Motors Ltd is 18.8 %.

What is the Face Value of Force Motors Ltd?

The Face Value of Force Motors Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Force Motors Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE